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T-Mobile & Sprint Merger faces Opposition from 15 States Attorney General

Catherina Ploumidakis

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T-Mobile & Sprint Merger

T-Mobile merger with Sprint is facing the opposition by a long list of Attorney Generals. These attorneys are trying to block the deal saying the merger will harm competition. And it will cost residents $4.5 billion annually.

Texas Attorney General Ken Paxton along with 15 more states Attorney general filed the initial suit in June. These 15 includes District of Columbia, California, Colorado, Maryland, Michigan, New York, Mississipi, Virginia, Wisconsin, Hawaii, Massachusetts, Minnesota, and Nevada.

On Monday, New York Attorney General Letitia James in a statement ensure that not even a single region of the country favor this megamerger. On this statement, Sprint declined to make any comment while T-mobile didn’t respond.

Idea Behind T-Mobile and Sprint Merger

The basic idea behind the merger is to compete with industry leaders like AT&T and Verizon Communications in the 5G Networks. Critics argued that this would lead to reducing competitive Intensity and higher pricing for consumers.

T- Mobile and Sprint gets Approval for a Merger deal

The $25 billion merger deal gets approval from the US department of justice more than a year ago, last month. The Federal communications commission has also approved the deal. The FCC chairman gave the green signal by saying that he wants to vote on the merger.

Still, the Attorney Generals do not want to make this deal final. That’s why neither Department of Justice nor the Federal Communications Commission has given their final judgments.

According to lawmakers, it is the merger of third and fourth-largest carriers might promote competition. Trump-appointed DOJ antitrust chief Makan Delrahim agreed that a merger would accelerate 5G growth.

So even after getting approval, it would be difficult to proceed with the closing of the deal. Until it settles the concern of the state AGs.

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Catherina has joined the team as an intern, and she has been working hard to learn things quickly. Now, she handles the Technology and Business columns of the website along with Vicky. She writes the latest US Technology and Business news regularly on the website with accuracy. Since she is the youngest member of the team, she never hesitates to ask for help from other senior team members. That is the reason, she has been learning things quickly, and now she is becoming proficient. Apart from her work, she loves to read books and watch Business and Tech news. She is a fun-loving woman with a graceful personality.

Business

Best Buy Black Friday Sales 2019: Get Best Nintendo Game Deals, accessories, chargers 

Catherina Ploumidakis

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Best Buy Black Friday deals 2019
Image Credit: Wikimedia Commons

Here is good news for game lovers! Best Buy huge Black Friday 2019 sale starts with tons of savings for game lovers. It will have a long list of Nintendo Switch games and accessories and best Nintendo Switch Console deals. 

The Nintendo Switch bundle is seen in other Black Friday 2019 ads too even in 2018 ads as well. Nintendo is not a cheap console but Best Buy is a chance to get a perfect deal.

Best Buy 2019 will presents Nintendo Switch with Mario Kart 8 and a free screen protector for $299. With this, the sale will have various chargers, cases, docks, and other Nintendo Switch accessories on sale.

Best Buy Black Friday deals 2019

Image Credit: Best Buy

Here are the other deals of Best Buy 2019 Sale:

In Nintendo Switch accessories, you can get the Nintendo Controllers for $14.99. A $20 savings is not bad on Nintendo Switch Joy-Con Controllers. Nintendo Poke Ball  Plus is available at $19.99 with $30 savings. Similarly, be ready to get Insignia Power Pack at $12.50 with $12.49 savings. 

Nintendo Switch Games with $20 saving. Isn’t it a good deal? You will get Nintendo Switch Games for $39.99. It includes all the best games like The Legend Of Zelda: Breath of the Wild, Super Mario Odyssey, Super Mario Party, etc. The sale will make available the other Nintendo Switch Games for $24.99 with $15 saving. It includes games like Just Dance 2020, Crash Team Racing.

Nintendo games like Crash Bandicoot N. Sane Trilogy, LEGO DC Super-Villain will be available for $19.99. It includes LEGO Harry Potter Collection, LEGO Marvel Super Heroes 2, Disney Classic Games: Aladdin and The Lion King. 

Other Nintendo Switch Video Games provides deals like Spyro Reignited Trilogy at $24.99 with $15 savings, Starlink: Battle for Atlas at $9.99 with $50 savings. Ni no Kuni: Wrath of the White Witch, Final Fantasy XII: The Zodiac Age, Final Fantasy X/X2 HD Remaster. All these games are available at $24.99 with $25 savings.

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Business

Zac Posen’s Company is in a Sale Process As They Ran Out Of Time, Said Zac

Catherina Ploumidakis

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Zac Posen is shutting down his company
Image Credit: Instagram/Zac Posen

The 39-years old celebrity designer and former “Project Runway” judge Zac Posen is shutting down his company. The designer is known for his evening gown creations is about to take his final bow. 

Zac Posen told WWD that the board has made a difficult decision and the company is in a sale process. Vogue revealed that Posen’s s house of Z has informed nearly 60 employees to let go. The company has ceased its operations.

Here is how much Zac struggled to build this company

During New York, Fashion Week in September Posen just showed his spring 2020 collection. However, the company denied the items to ship. 

Even just before the announcement of cessation, the company tweeted about the pre-order of handbags by Zac Posen.

The official website of Zac Posen is also shutting down with the cessation of the Company. Now ZacPosen.com leads to an empty domain page.

Zac Posen started his business in 2001 when he was living with his parents. At that time, zac lives with his parents at a $ 15 per day allowance.

 Zac is called a boy wonder, after getting fame with the help of supermodel Naomi Campbell. He was referred to have a Sour reputation. And on the basis of his reputation, he was often compared with Ben Stiller’s arrogant model character in the film “Zoolander.”

Posen Designed the Wedding Gown of Katherine Macphee

Katherine Macphee is a famous friend of Zac Posen. Zac designed a custom wedding gown for Katherine’s wedding with David Foster in July.

Posen said – now I need to figure out my next move to share my creativity and my love. 

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Business

Google Fitbit Deal: Money Fitbit Founders are Actually Getting From Google

Catherina Ploumidakis

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Google Fitbit Deal

Fitbit, co-founders James Park, and Eric Friedman decided to hand off the company to Google. Park, 43, and Friedman, 42, was serving the Fitbit as CEO and Chief Technology Officer. The two men worked so hard to build such a known brand. But they end up selling the company to Google. 

Both Fitbit and Google fixed the deal at $2.1 billion. Park and Friedman walk away with $150 million before taxes as a result of selling their shares in the publicly-traded company.

Park said, Approximately 12 or more years ago, we set the company with a vision to make everyone healthier. He added that Fitbit will accelerate more with Google resources and global platform. It will actually make health more accessible to everyone. 

This data shows, Fitbit Company was actually in Loss

In June 2015, Fitbit company decides $20 price per share. However, Google is paying $7.35 per share in cash for Fitbit shares. On the first day of trading, Fitbit’s stock sprinted to close at $29.68. However, Over a period of time, Fitbit’s stock descended into single-digit territory. As Fitbit struggled to unveil new products and face down competition from rivals including Garmin.

It was June last year, the company’s stock closed above $7.35 a share. However, it hits an all-time low $2.99 per share in August this year. last year, the company posted a net loss of about $186 million. The deal between Fitbit and Google is set to be close in 2020.

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